After several months of negotiations, CHI St. Vincent and UnitedHealthcare declared on the day of Friday that they have reached a coverage agreement to continue access for all UnitedHealthcare employer-sponsored and individual health policies to CHI St. Vincent hospitals, physicians and other services.
The new coverage agreement involves Medicare health plans, the companies stated.
“We’re happy to be capable to give uninterrupted health care services to the sufferers we serve throughout Arkansas,” stated Chad Aduddell, CEO of CHI St. Vincent. “As we work towards establishing new models of care focused on higher quality and lower costs, it is significant we get fair and reasonable payments to sustain our ministry. We believe our continued relationship with UnitedHealthcare permits the two of us to work together to better serve the requirements of our patients.”
“We’re grateful for the commitment CHI St. Vincent has made to value-based health care and look forward to working together to assist people get personalized and more connected care,” claimed Greg Reidy, CEO of UnitedHealthcare of Arkansas.
Last month, CHI St. Vincent said talks with the insurer had broken down and that its agreement, which had already been extended twice, would end on the day of April 1. According to CHI St. Vincent, the agreement served more than 30,000 UHC members and involved CHI St. Vincent hospitals in Hot Springs, Little Rock, Morrilton and Sherwood.
At the time period, Aduddell said he was “disappointed that United has been not willing to agree to fair and reasonable rates for our services to date.” Angela Richmond, director of regional communications for UHC, told that the health care system was seeking “rate increases that are not in line with the remaining community.”
Details of the final coverage agreement were not unveiled.
United Healthcare, of Minnetonka, Minnesota, has more than 326,000 members in Arkansas, which involves commercial businesses and Medicare beneficiaries.
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